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Barclays Has 4,000 Job Cuts Remaining for 2H

Barclays' CFO said 4,000 planned job cuts remain for the second half.

BARC

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07:37:54 AM UTC
SquawkNews
Barclays LSE:BARC said on Thursday it was cutting around 5,000 jobs, or 5% of its workforce, this year, as it uses technology such as AI to reduce fixed costs and improve overall returns.One thousand of the cuts are already done and 4,000 more will come by the end of the fourth quarter, chief finan…